Midwestern Gas Transmission Company

Third Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 09/01/2005, Docket: RP05-393-000, Status: Effective

Sixth Revised Sheet No. 270 Sixth Revised Sheet No. 270 : Effective

Superseding: Fifth Revised Sheet No. 270

 

GENERAL TERMS AND CONDITIONS

 

 

25. REQUESTS FOR SERVICE (Continued)

 

25.4 Credit Evaluation (Continued)

 

In the event Shipper cannot provide the information in Subsection 25.4 herein,

Shipper shall, if applicable, provide that information for its parent company.

Company shall not be required to perform or to continue service under any Rate

Schedule on behalf of any Shipper who is or has become insolvent or who, at

Company's request, fails within a reasonable period to demonstrate

creditworthiness; provided, however such Shipper may receive service under any

Rate Schedule if Shipper prepays for such service or furnishes good and

sufficient security, as determined by Company in its reasonable discretion, in

amount equal to the cost of performing the service requested by Shipper for a

three month period.

 

For purposes herein, the insolvency of a Shipper shall be conclusively

demonstrated by the filing by Shipper or any parent entity thereof (hereinafter

collectively referred to as "the Shipper"), of a voluntary petition in

bankruptcy or the entry of a decree or order by a court having jurisdiction in

the premises adjudging the Shipper bankrupt or insolvent, or approving, as

properly filed, a petition seeking reorganization, arrangement, adjustment or

composition of or in respect of the Shipper under the Federal Bankruptcy Act or

any other applicable federal or state law, or appointing a receiver,

liquidator, assignee, trustee, sequestrator (or other similar official) of the

Shipper or of any substantial part of its property, or the ordering of the

winding-up or liquidation of its affairs, with said order or decree continuing

unstated and in effect for a period of sixty (60) consecutive days.